Sentiment readings are little changed over the last week as the AAII’s percentage of bullish investors ticked higher just slightly to a reading of 43. Sentiment has been little changed over the last few weeks with the exception of the short lived scare from Dubai. Despite the market’s flat lined performance over the last two months (is this a foreshadowing of things to come?) investors remain somewhat jittery. The bi-polar market is still very much alive and I would fully expect volatility in the market and psychology to pick up steam following the low volume holiday trading season.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.